ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB) Shares Pass Above 50 Day Moving Average – Here’s What Happened

ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $53.40 and traded as high as $56.15. ProShares Ultra Nasdaq Biotechnology shares last traded at $55.17, with a volume of 9,601 shares traded.

ProShares Ultra Nasdaq Biotechnology Stock Down 0.3 %

The stock has a 50 day moving average of $53.40 and a 200 day moving average of $59.59.

ProShares Ultra Nasdaq Biotechnology Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.3964 dividend. This is an increase from ProShares Ultra Nasdaq Biotechnology’s previous dividend of $0.15. The ex-dividend date was Monday, December 23rd.

Hedge Funds Weigh In On ProShares Ultra Nasdaq Biotechnology

Hedge funds have recently bought and sold shares of the company. Jane Street Group LLC grew its stake in ProShares Ultra Nasdaq Biotechnology by 8.4% in the third quarter. Jane Street Group LLC now owns 4,803 shares of the exchange traded fund’s stock worth $306,000 after purchasing an additional 374 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in ProShares Ultra Nasdaq Biotechnology by 31.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,326 shares of the exchange traded fund’s stock valued at $270,000 after acquiring an additional 1,266 shares during the period. Finally, Crowley Wealth Management Inc. acquired a new position in ProShares Ultra Nasdaq Biotechnology in the fourth quarter valued at approximately $51,000.

ProShares Ultra Nasdaq Biotechnology Company Profile

ProShares Ultra Nasdaq Biotechnology (the Fund) seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the Index. The return of the Fund for a period longer than a single trading day will be the result of each day’s returns compounded over the period, which will very likely differ from the inverse of the return of the Dow Jones United States Basic Materials Index (the Index) for that period.